RTCS

Musings on the Week

Musings on the Week

March 8, 2014

 

Communism – Your children's children will live under communism, You American's are so gullible. No, you won't accept communism outright; but we will keep feeding you small doses of socialism until you will finally wake up and find you already have Communism. We will not have to fight you; We will so weaken your economy, until you will fall like overripe fruit into our hands. Nikita Khrushchev, 1959.

Politics – When the economy is good, Progressives raise taxes and expand government, but when the economy turns negative, Progressives blame others, refuse to reduce government, then use the bad economy as a reason to expand government and spend even more.

Politics – Barack Obama has lost all credibility at home and abroad as he tries to rule domestic policies with an iron fist, yet tries to be a contrite “equal” in foreign policies.

Politics – Obama has the Napoleon-Nixon defensive, arrogant, and unaccountable gene,  albeit with none of Nixon's redeeming expertise in international power politics, and none of Napoleon's record for strategy and war.

Politics – In today’s tight budget, we do not owe the First Family separate vacations at taxpayer expense, so the President should pay all costs associated with these personal trips.

Politics – Lois Lerner’s refusal to testify confirms illegality, as a majority of Americans now believe the White House directed the federal government to act for partisan purposes.

Politics – The 5th anniversary of the Tea Party was celebrated by the Tea Party elite in Washington, while the grassroots have been marginalized and localized into impotence.

Economy – The economy again stalls as it bumps into a glass ceiling as employment returns to the conditions that Obama inherited when first elected, and programs still show no results.

Politics - This week’s distractions from the stagnant economy and ObamaCare: selling minimum wage misinformation and lecturing Putin on Russia’s incursion into the Ukraine.

Politics – With no relevant experience and no political accomplishments, and the only asset her genitalia, Republicans are praying that Hillary Clinton is the Democrat candidate.

Communism – Most people who read "The Communist Manifesto" probably have no idea that it was written by a couple of young men who had never worked a day in their lives, and who nevertheless spoke boldly in the name of ‘the workers’. Thomas Sowell.

 

November 2008

February 2014

Change

Annual Federal Spending

$2.87T

$3.51T

+$.64T

Total National Debt

$9.97T

$17.421T

+$7.45T

Food Stamp Participation (000)

30,800

46,900

+16,100

Average Price/Gallon Gas

$2.21

$3.38

+$1.17

Labor Force Participation Rate

65.9%

63.0%

-2.9%

Employed (000)

144,100

145,266

+1,166

Employment Population Ratio

61.4%

58.8%

-2.6%

Unemployed (000)

10,538

10,459

-79

Unemployed - 27+ wks (000)

2,219

3,849

+1,630

Average Weeks Unemployed

18.9

37.1

+18.2

Unemployment Rate (U3)

6.8%

6.7%

- 0.1%

Underemployment Rate (U6)

12.6%

12.6%

+.0%

Economy – Annual GDP growth during Obama's "recovery" has never topped 3% and, by comparison, annual GDP growth never fell below 3% during the Reagan recovery.

Economy – The CBO predicts the net interest payments by the federal government will grow rapidly, climbing from 1.3% of GDP in 2014 to 3.3% in 2024, as interest rates return to normal.

Jobs– According to the CBO, employment is about 6 million jobs short of where it would be if labor markets were back to a “normalrecovery model.

Jobs – The average annual labor force participation rate hit a 35-year-low of 63.0% in the U.S. in 2014, which translates into 92, 535,000 people not in the labor force.

Finance – The baffling Bitcoin boom is an exercise in self-delusion (the latest tulip-mania) that will soon collapse, and this financial bubble is waiting to burst upon the globe.

Budget – Obama’s proposed budget is DOA as he proposes to sharply cut defense spending and impose $1 trillion in tax hikes during a faltering economy and rising global threats.

Budget – It is time to defund the Export-Import Bank of the United States since it offers sub-market loans to foreign companies to purchase U.S product, but really to crony capitalists.

Healthcare – ObamaCare is effectively killing the private health insurance sector replacing them with a government controlled health delivery structure not based on actuarial reality.

Pensions – In Detroit, a federal judge ruled that pension promises will not be protected during bankruptcy proceedings opening them up to negotiation and downsizing.

Poverty – Last century the poverty rate declining naturally, but now we must question what would have happened if the federal government had not become involved?

Energy – Obama’s 61 month long navel-gaze on the Keystone XL pipeline is a conscious strategy of “analysis paralysis” to delay indefinitely any petroleum based energy investments.

Abortion – Planned Parenthood has received $1.9 billion from taxpayers in the past four years, while delivering 1,200,000 children executed in the wombs of their mothers.

Marriage – The rule of law requires either the federal definition of marriage (DOMA) as pre-eminent or each state’s definition applies, but not both and not whichever you agree with!

Crime – There is a double standard when it is outrageous for government to assume that a young black male is more likely to commit a crime; but that government should target young black men for help because they are more likely to commit crimes.

Communism – Communism has never come to power in a country that was not disrupted by war or corruption, or both.John F. Kennedy.

Foreign Policy – Barack Obama and John Kerry have yet to learn that their cult of personality has no power internationally and is not an effective tool in negotiating foreign agreements.

Foreign Trade – The Trans-Pacific Partnership has met staunch resistance because this values-driven trade policy” includes ambitious, heavy-handed environmental obligations.

United Nations – The United Nations would be just as useless as the League of Nations, only a deterrent when the U.S. puts its foot down and the rest of the world doesn’t get in the way. 
Defense – Undersecretary of State Rose Gottemoeller, a left-wing peacenik and old Soviet apologist is Obama's top arms negotiator and is busy downsizing America's nuclear arsenal.

GWOT – Kunming, China is the latest site of Muslim terrorist attacks with 29 killed and 143 injured, but the western press dismisses this jihadi attack as a “separatist” political statement.

Israel – Desperate for any success, Obama is trying to bully Netanyahu into signing a two-state peace framework, despite Palestinian refusal to recognize Israel’s right to exist!

Ukraine – Like Jimmy Carter, who was rewarded by Leonid Brezhnev with a Soviet invasion of Afghanistan, Vladimir Putin has returned Obama’s favor with a Russian invasion of Ukraine.

 

David Coughlin

Hawthorne, NY       

www.ReturnToCommonSensesite.com